Morgan Stanley Says Crypto Could Become More Widely Used as Currency

johnarb said:
  • Thank you for the well wish and I also wish you continued success
This will be difficult for others to relate to, but I will try

  • When you buy Bitcoin, you do not have to do anything more

  1. You get someone like Michael Saylor constantly buying Bitcoin and pumping it up both with money purchase as well as talking it up in the media whenever he's given the chance. You can search Michael Saylor on CNBC and Bloomberg and other financial publication
  2. You get a bunch of people to convince a whole country El Salvador to adopt Bitcoin as legal tender. Imagine the infrastructure that went with that
  3. You get NYDIG who signs up over 1000 US banks and credit unions to offer Bitcoin
  4. You get Paul Tudor Jones to write a thesis on Bitcoin as investment and inflation hedge
  5. You get Stanley Druckenmiller talking positively about Bitcoin and how he wished he had gotten sooner
  6. You get Kevin O'Leary who put a good amount of his net worth and talks about we so fucking early in Bitcoin and cryptos digital assets
  7. You get Raoul Pal going all in with his liquid net worth into crypto digial assets
  8. You get Ray Dalio who says he'd rather own Bitcoin than bonds
  9. You get PayPal adopting Bitcoin and cryptos assets
  10. You get Visa and Mastercard integrating Bitcoin and cryptos
  11. You adoption in Spain and Swiss bank and Australian bank and Portugal and German banks
  12. You get George Soros fund investing in Bitcoin and crypto assets
  13. You get US lawmakers protecting Bitcoin and crypto digital assets
  14. You get Tim Cook investing in Bitcoin and crypto assets
  15. You get Elon Musk buying Bitcoin for himself and for Tesla
  16. You get Mercado Libre, and Ricardo 3rd richest man in Mexico
  17. You get Jack Dorsey a Bitcoin only maximalist
  18. And many many more
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What you don't get are the people on ET who constantly fud Bitcoin and crypto assets as bubble and ready to crash to very low prices

  • As a Bitcoiner and investor in the crypto assets space, I have a responsibility to defend against fud

Think about it, if constant fud is being posted on ET, don't you think it could have the effect of swaying people away from investing in Bitcoin and crypto assets?


CNBC and Bloomberg and many many people from the financial world, like Jamie Dimon and Warren Buffett and Munger affected many retail people to stay away from Bitcoin for many years

You should see CNBC coverage of Bitcoin when it first crossed $100, how negative it was

Even Michael Saylor himself was a big critic of Bitcoin before he studied it

Even Kevin O'Leary talked so much shit about Bitcoin and cryptos for many years

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Should I stay away and be euphoric and not post all the adoption that's happening as Bitcoin and crypto assets take over the financial system world?

Should I just let all the ET salty people like Pekelo constantly bash and fud Bitcoin and cryptos?


https://pomp.substack.com/p/bitcoins-information-insurgency?s=r


Listen to this podcast and you might understand why I am the way I am
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I understand where you’re coming from even though I don’t share your viewpoint.

To me, none of the items you enumerated are necessarily bullish. They are stories put forth by people and entities for their own reasons and to further their agenda. The timing of the release of stories is often strategic. Taken as a whole, they would make me bearish rather than neutral or bullish.

The best times to buy Bitcoin were when it was not yet in the public’s consciousness and during the period of heavy negativity. An inopportune time to buy is when all the influencers are telling you to buy because there is only upside ahead. I’m speaking within the context of a long-term holding period that you advocate. As a short-term trading vehicle, Bitcoin is very volatile and looks great to trade.

The people on ET who constantly shit on Bitcoin have their reasons. I agree with you it’s not because they are making money on Bitcoin. But I disagree with you about their ability to influence the trajectory of Bitcoin’s price in any way. I think very deep pockets are involved in crypto and what happens with Bitcoin will happen regardless of ET’s existence.

For sure I hope you do not stay away from ET. This site can use a lot more examples of the little guy making it big in the markets. Keep blasting the detractors as you like. I find the exchanges always entertaining and sometimes informative, surprisingly.

I will listen to the podcast over the weekend.
 
savoir said:
But I disagree with you about their ability to influence the trajectory of Bitcoin’s price in any way. I think very deep pockets are involved in crypto and what happens with Bitcoin will happen regardless of ET’s existence.

I will listen to the podcast over the weekend.
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I'm sorry for the misunderstanding. I did not mean to imply that ET people will be able to make a difference to the price of Bitcoin in any way

What I meant are the detractors preventing ET readers who might be interested but can be influenced or intimidated to stay away from investing in Bitcoin and crypto assets and thus miss out on the opportunities

Bitcoin trades over $30 Billion per day in volume every day, no holidays or weekends 24/7/365

Do Kwon LFG fund has been buying over $100 Million worth of Bitcoin every few days for the past 6-8 weeks for their UST Stablecoin treasury reserves and owns over $1.5 Billion so far and it has not made a difference on the price of Bitcoin, we've been stuck on the $40K level for a while now

So, I absolutely do not think ET people will make a difference to the price of Bitcoin even if they invest all their net worth to Bitcoin

I'm just here to protect the ET people who may be on the fence from fud

Pekelo and a few others knew about Bitcoin when it was very cheap, even way below $100, I think Pekelo has posts when Bitcoin was in the $3 range

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The thing about Bitcoin is that you will own Bitcoin at the price you deserve, not at the price that you want

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I'm sorry if the podcast is only 7 minutes long, but it's straight to the point
 
johnarb said:
I'm sorry for the misunderstanding. I did not mean to imply that ET people will be able to make a difference to the price of Bitcoin in any way

What I meant are the detractors preventing ET readers who might be interested but can be influenced or intimidated to stay away from investing in Bitcoin and crypto assets and thus miss out on the opportunities

Bitcoin trades over $30 Billion per day in volume every day, no holidays or weekends 24/7/365

Do Kwon LFG fund has been buying over $100 Million worth of Bitcoin every few days for the past 6-8 weeks for their UST Stablecoin treasury reserves and owns over $1.5 Billion so far and it has not made a difference on the price of Bitcoin, we've been stuck on the $40K level for a while now

So, I absolutely do not think ET people will make a difference to the price of Bitcoin even if they invest all their net worth to Bitcoin

I'm just here to protect the ET people who may be on the fence from fud

Pekelo and a few others knew about Bitcoin when it was very cheap, even way below $100, I think Pekelo has posts when Bitcoin was in the $3 range

-----------------------

The thing about Bitcoin is that you will own Bitcoin at the price you deserve, not at the price that you want

----------------------

I'm sorry if the podcast is only 7 minutes long, but it's straight to the point
More...
Yes, I misunderstood. You are here to protect ET’ers who may be on the fence about Bitcoin from detractors who intimidate or mislead and thereby cause innocents to miss out on Bitcoin. Thanks for the correction.

Now that your purpose is clear to me, I must say it is admirable and utterly absurd. But I admit I am an idler here. So who am I to judge?

About the podcast, I did see that it was only 7 minutes long after my reply to you and so I gave it a listen. Frankly, it was 7 minutes of cringe, but what I heard is in line with your stated purpose. At least you are consistent. I’ll give you credit for that.
 
Oh yeah, he is very consistent when it comes to being cringe worthy... Especially his constant claims of unsubstantiated riches. For what it's worth he so far comes across as some salesman who earns commission for hyping a product.

savoir said:
Yes, I misunderstood. You are here to protect ET’ers who may be on the fence about Bitcoin from detractors who intimidate or mislead and thereby cause innocents to miss out on Bitcoin. Thanks for the correction.

Now that your purpose is clear to me, I must say it is admirable and utterly absurd. But I admit I am an idler here. So who am I to judge?

About the podcast, I did see that it was only 7 minutes long after my reply to you and so I gave it a listen. Frankly, it was 7 minutes of cringe, but what I heard is in line with your stated purpose. At least you are consistent. I’ll give you credit for that.
More...
 
savoir said:
Frankly, it was 7 minutes of cringe, but what I heard is in line with your stated purpose. At least you are consistent. I’ll give you credit for that.
More...

Cringe is a psyop weapon, but most importantly, cringe is an effective psyop shield of defense :D

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"Whether we are talking about the Federal Reserve, the Treasury, the US government, or large financial institutions, these organizations pride themselves on being the elite. They wear their (monkey) suits and ties with an air of arrogance that is only acquired after an education at an Ivy League school and enough cocktail parties to fill a lifetime.

So why would bitcoin try to out class the elites? Well, it shouldn’t.

The incumbents, from the government to the Fed to the banks, can only sit by passively and get bombarded day in and day out with the content. If they choose to acknowledge it and respond, they will only legitimize bitcoin and the surrounding community. If they continue to ignore it, bitcoiners will control the public narrative and continue recruiting more and more people to see their world view."

This is fascinating to watch because this information insurgency will likely be analyzed in retrospect as one of the most important psychological operations in human history.
 
Someone here definitely lives in a different universe. Finally I get it, the entire time he is speaking of the stones he uses on his planet as means of exchange and barter. It all makes sense now.
 
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